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#taxes

24 posts · Last used Oct 10

Universal Hub @universalhub@mastodon.online
· 3mo ago
Skechers says it doesn't make sneakers, but state's highest court disagrees https://www.universalhub.com/2026/skechers-says-it-doesnt-make-sneakers-states-highest-court-disagrees #Massachusetts #taxes #lawsuits
Skechers says it doesn't make sneakers, but state's highest court disagrees
universalhub.com

Skechers says it doesn't make sneakers, but state's highest court disagrees

The Supreme Judicial Court ruled today that Skechers is a "manufacturing company" and so cannot run from the fact that it owes more in state taxes than it would otherwise, even if all of its footwear products are made in third-party factories in Asia. Read more.

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JaZone @Jazone@theforkiverse.com
· 3mo ago
Replying to
If the US stock market crashes because US corporate is FORCED to pay the standard deduction on #Taxes like the majority of US citizens, THEN the US STOCK Market DESERVES to CRASH and is probably over valued. #USpol#vote#premarket#investing#NoKings
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The Good News Network: Positive Stories 24/7 [Unofficial] @goodnewsnetwork.org@web.brid.gy
· 3mo ago
As the AI infrastructure build-out continues to meet headwinds from concerned citizens, three states recently signed laws ending what had been the largely-standard practice of exempting data center operators from paying sales taxes. Tucked into a state budget passed on June 15th, Arizona Governor Katie Hobbs touted that data centers located in the state would […] The post Tax Breaks for Data Centers Are Ending, With More States Revoking Them appeared first on Good News Network.
Tax Breaks for Data Centers Are Ending, With More States Revoking Them
goodnewsnetwork.org

Tax Breaks for Data Centers Are Ending, With More States Revoking Them

In late June, the Pennsylvania legislature passed a repeal of tax breaks and incentives for data centers that has stood for 5 years.

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jbz @jbz@indieweb.social
· 3mo ago
💸 UK confirms pay-per-mile tax start date for electric vehicles ｢ At the end of each year, drivers will be required to submit their actual mileage reading. This will be cross-referenced with a mileage reading taken during the car’s annual MOT, or for newer vehicles, around their second or third registration anniversary ｣ https://www.independent.co.uk/travel/news-and-advice/electric-vehicles-pay-per-mile-tax-eved-b3014455.html #ev #uk #taxes
independent.co.uk
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Bich Nguyen @bich@apobangpo.space
· 4mo ago
"...at its core is a seismic shift: extending roughly $4.5 trillion in tax cuts disproportionately benefiting corporations and the wealthy over 10 years while cutting about $1.1 trillion from healthcare and food assistance programs serving poor and working-class people. It ultimately adds a projected $4.7 trillion to the national debt over the next decade." https://www.nbcnews.com/specials/trump-big-beautiful-bill-act-tax-medicaid-snap-one-year/#healthcare #hospitals #medicaid #PublicHealth #SNAP #hunger #FoodInsecurity #immigration #ICE #taxes #USpol
nbcnews.com
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anna_lillith 🇺🇦🌱🐖 @anna_lillith@mas.to
· 16mo ago
Replying to
Amazon wants to rule the world We love our customers. Amazon only your data! Booksellers work with ~ 25% margin, Amazon wants 60% from the publishers. We pay fees and taxes in our city, Amazon doesn't. We have fair working conditions, Amazon doesn't. Why do people buy books from Amazon? We have fixed prices in Germany, whether in Munich, Buxtehude or on Amazon - new books cost the same! 1/2 #JeffBezos #Amazon #data #WorkingConditions #taxes #books
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The Bad Place @TheBadPlace@mastodon.ozioso.online
· 5mo ago
Mother Jones | Why Billionaires Pay Much Less Tax Than the Average American by Gabriel Zucman AI generated summary, Read the full article for complete information. Jeff Bezos recently argued that billionaires already pay a large share of U.S. taxes, but research by economists Gabriel Zucman, Emmanuel Saez and others shows this claim is misleading: when all federal, state and local taxes—including payroll, sales and excise taxes—are considered, the effective tax rate for all income groups is roughly 25‑30 percent, with billionaires actually paying the lowest rate (about 24 percent in 2018‑20 and as low as 15 percent for Bezos in 2018). The working‑class bears a substantial tax burden through regressive taxes, while the ultra‑wealthy can structure their income to minimize liability, a trend that intensified after the 2018 Tax Cuts and Jobs Act, reducing billionaire tax contributions and expanding wealth concentration—today the richest 0.00001 percent own wealth equal to 14 percent of national income, up from 4 percent in 1910—highlighting a growing fiscal anomaly that calls for reform. Read more: https://www.motherjones.com/politics/2026/05/why-billionaires-pay-less-taxes-zucman-saez-jeff-bezos-irs-breaks-income-wealth/ #JeffBezos #EmmanuelSaez #GabrielZucman #incomeinequality #taxes
Why billionaires pay much less tax than the average American
motherjones.com

Why billionaires pay much less tax than the average American

As wealth concentrates at the top, upper-crust tax rates have declined. Go figure.

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The Bad Place @TheBadPlace@mastodon.ozioso.online
· 5mo ago
Mother Jones | Tax Me If You Can by Jeffrey Winters AI generated summary, Read the full article for complete information. Democracy in the United States has long tolerated a quiet oligarchy, but recent decades have seen that influence explode into the open: Supreme Court rulings such as Citizens United unleashed “dark money” and allowed a handful of ultra‑rich individuals—Elon Musk, the late Sheldon Adelson’s family, Timothy Mellon, among others—to funnel billions into elections, accounting for nearly half of 2024’s presidential‑contest spending. At the same time the IRS has been progressively crippled—first by the 1970s sabotage of investigator Dick Jaffe, later by drastic budget cuts that slashed enforcement capacity by more than 90 percent—leaving a colossal tax gap (estimated at $700 billion‑plus in 2022) that the government cannot close. Wealthy Americans evade taxes through intricate offshore structures and a powerful “Wealth Defense Industry” of former tax agents, prosecutors, and elite law firms that neutralize investigations, turn audits into costly, drawn‑out battles, and often settle for fractions of the owed sums while keeping the details private. High‑profile cases such as the Wyly brothers’ $3.2 billion claim reduced to $300 million, and the Smith–Brockman scheme that ended in non‑prosecution agreements and lavish philanthropy, illustrate how oligarchs routinely sidestep accountability. This combination of unchecked campaign spending, weakened tax enforcement, and sophisticated legal defenses has cemented an environment where the super‑rich can act with near‑impunity, eroding democratic accountability and reinforcing oligarchic dominance over American politics. Read more: https://www.motherjones.com/politics/2026/05/oligarchy-tax-evasion-avoidance-irs-powerless-enforcement-books-blind-spot-excerpt-jeffrey-winters/ #CitizensUnited #IRS #oligarchy #politics #taxes #SheldonAdelson #ElonMusk #DonaldAlexander #RobertFSmith
Oligarchs are robbing America blind, and the IRS is powerless to stop them
motherjones.com

Oligarchs are robbing America blind, and the IRS is powerless to stop them

The Wealth Defense Industry and its politicians have seen to that.

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Ben Fulton @benfulton@mastodon.london
· 6mo ago
Indiana's tax disaster "Last year's property tax cuts were the biggest business tax cut in state history. For close to 85% of businesses, SEA 1 marked a 100% elimination of business personal property taxes...To accommodate this huge business tax cut, SEA 1 pushed local governments to enact income taxes, while forcing property tax cuts for older Hoosiers." Indiana is making it cheaper to be old while making it more expensive to be young. https://commentaries.cberdata.org/1364/indiana-s-real-tax-problem #HoosierMast #Taxes
commentaries.cberdata.org
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